Patton Albertson Miller Group LLC Buys 17,167 Shares of CocaCola Company (The) $KO

Patton Albertson Miller Group LLC grew its stake in CocaCola Company (The) (NYSE:KO) by 14.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,518 shares of the company’s stock after buying an additional 17,167 shares during the period. CocaCola makes up about 1.2% of Patton Albertson Miller Group LLC’s holdings, making the stock its 24th biggest holding. Patton Albertson Miller Group LLC’s holdings in CocaCola were worth $11,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Westover Capital Advisors LLC lifted its holdings in shares of CocaCola by 32.5% during the 3rd quarter. Westover Capital Advisors LLC now owns 4,422 shares of the company’s stock worth $381,000 after acquiring an additional 1,085 shares during the last quarter. Leo Wealth LLC purchased a new position in CocaCola in the third quarter worth $600,000. Apollon Wealth Management LLC grew its position in CocaCola by 4.5% in the third quarter. Apollon Wealth Management LLC now owns 152,640 shares of the company’s stock worth $13,139,000 after acquiring an additional 6,507 shares in the last quarter. Holos Integrated Wealth LLC increased its stake in CocaCola by 35.2% in the third quarter. Holos Integrated Wealth LLC now owns 541 shares of the company’s stock valued at $51,000 after acquiring an additional 141 shares during the last quarter. Finally, Nadler Financial Group Inc. increased its stake in CocaCola by 94.9% in the third quarter. Nadler Financial Group Inc. now owns 11,356 shares of the company’s stock valued at $977,000 after acquiring an additional 5,529 shares during the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

CocaCola Price Performance

KO stock opened at $92.67 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 1.30. The firm’s fifty day moving average is $89.11 and its 200 day moving average is $81.49. The firm has a market cap of $398.72 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.61 and a beta of 0.32. CocaCola Company has a 52 week low of $67.27 and a 52 week high of $95.37.

CocaCola (NYSE:KO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. CocaCola had a return on equity of 39.38% and a net margin of 28.56%. The firm had revenue of $13.37 billion during the quarter, compared to analyst estimates of $13.17 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Research analysts predict that CocaCola Company will post 3.30 earnings per share for the current year.

CocaCola Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 1st. CocaCola’s payout ratio is presently 63.66%.

CocaCola News Roundup

Here are the key news stories impacting CocaCola this week:

• Positive Sentiment: Analysts expect Coca-Cola to demonstrate continued growth when it reports third-quarter results. The company previously exceeded estimates with quarterly revenue growth and raised its full-year outlook, while its performance has compared favorably with rival PepsiCo’s reduced guidance. Coca-Cola Q3 earnings on deck: What to expect
• Positive Sentiment: Coca-Cola’s sports beverage strategy could support future growth. Powerade is gaining momentum, with FIFA World Cup marketing and rising demand for fitness-focused drinks providing potential benefits in an expanding category. Coca-Cola’s Sports Beverage Portfolio: Can it Capture Fitness Demand?
• Positive Sentiment: The broader consumer-staples rebound has lifted beverage stocks, and Coca-Cola remains viewed as a defensive, cash-generating company with an established dividend. Its current full-year EPS guidance is approximately $3.27 to $3.30. Consumer Staples Are Up 12% This Year—These 3 Beverage Stocks Are Leading the Way
• Neutral Sentiment: Investors are particularly focused on international performance, including India, along with pricing, volume trends, currency effects and management’s updated outlook. These factors may determine whether Coca-Cola can sustain its recent momentum. Coca-Cola Stock Fell a Day After a 52-Week High: Here’s Why India Matters
• Negative Sentiment: After an approximately 35% advance, KO’s valuation has become more demanding and its dividend yield less attractive relative to PepsiCo. Any earnings miss, cautious guidance or evidence that growth is slowing could trigger a pullback. Coca-Cola Earnings Are Coming. Its Stock Rally Raises the Stakes.

Analysts Set New Price Targets

KO has been the topic of a number of research reports. The Goldman Sachs Group restated a “neutral” rating and set a $86.00 price target (up from $82.00) on shares of CocaCola in a research report on Tuesday, July 28th. Piper Sandler upped their price objective on CocaCola from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday. Seaport Research Partners set a $95.00 price objective on CocaCola in a research report on Friday, August 14th. HSBC raised their price objective on CocaCola from $90.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, DZ Bank restated a “buy” rating on shares of CocaCola in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CocaCola currently has an average rating of “Moderate Buy” and a consensus target price of $96.59.

Insider Activity at CocaCola

In other CocaCola news, insider Bruno Pietracci sold 111,365 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $90.93, for a total value of $10,126,419.45. Following the sale, the insider owned 41,365 shares of the company’s stock, valued at $3,761,319.45. This trade represents a 72.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanket Ray sold 9,958 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $86.50, for a total transaction of $861,367.00. Following the completion of the transaction, the insider owned 62,105 shares in the company, valued at $5,372,082.50. The trade was a 13.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 469,753 shares of company stock worth $41,968,942 over the last ninety days. Insiders own 0.90% of the company’s stock.

About CocaCola

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.

The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.

The Coca-Cola Company serves consumers in more than 200 countries and territories through a system that includes company-operated operations, independent bottling partners, distributors, retailers, and food-service providers.